Very Good Weekly Closing.
Very Good Weekly Closing.
Monthly Closing above 780 is Important,
otherwise, Tweezer Top is Expected which
is a Negative sign.
Channel Top is around 825 - 830.
Initial Support seems around 700 - 705.
& Double Bottom (in case of Selling Pressure)
is around 640 - 645 (which may also act as Support).
No Bearish Divergence on Monthly Tf.No Bearish Divergence on Monthly Tf.
But 39-40 is a Very Strong Resistance
that needs to Cross & Sustain with Good Volumes to
reach 45 - 46 & then 50+
We should not ignore that it has taken Support
from a Very Important Fib level around 32.40
Monthly Closing above 33.60 would be a Very Healthy sign.
So any dip towards 32.50 - 33.50 can be a Buying Opportunity.
However, it should not break 31.80 otherwise we
may witness further Selling Pressure towards 28.50 - 28.70
TRG LONGTERM ANALYSIS AND NEW ALL TIME HIGH COMINGTRG has been in Pullback since May 2021 when it posted its ATH of Rs 186.
It has reached 78% level of retracement and is rebounding from !M FVG(Fair Value Gap).
It is very much likely to start a long term bullish move after it crosses Rs74 level to make new high of Rs 230 In Sha Allah
BNL - MULTIBAGGER ??
Current Price: 22.24
Chart Setup: Bullish Pennant and Breakout Pattern
BNL (Bunny's Ltd.) is currently showing a bullish pennant pattern, which is a continuation chart pattern that suggests a potential breakout to the upside. The price has been consolidating after a strong rally, forming a symmetrical triangle or pennant shape, with the upper boundary acting as resistance and the lower boundary as support. The breakout from this pattern is typically a sign of further upward momentum.
First Target (50% Extension): Once the breakout happens, the first target range for BNL could be around 25.48, followed by a potential move toward 28.50 in the medium term.
Extended Target: If the breakout holds and the bullish momentum continues, BNL could test higher resistance zones around 30.00–32.00 in the long term.
BNL OUR FIRST CALL INITIATED @ 14 LEVELS IN MARCH
GHNI - CONTINUES TO B UPWARD, IS IT HEADING FOR 1000+ ???
Current Price: 764.04
Chart Setup: Uptrend within an Ascending Channel
Ghandhara Industries Ltd. (GHNI) has been experiencing a strong bullish trend, moving within an ascending channel over the past year. The stock has shown significant upward momentum, consistently bouncing between the support and resistance levels of the channel. Currently, it is nearing the upper resistance line, suggesting that further upside could be expected if the trend continues.
IBLHL (MONTHLY) - THREE INSIDE UP IBL Healthcare Ltd. (IBLHL) is showing significant bullish potential after a long downtrend, with a "Three Inside Up" candlestick pattern forming at the bottom of the trend. This pattern suggests a potential reversal to the upside after a prolonged period of decline, and it signals strength as the buyers are beginning to take control.
LOADS--- a Short Term Yet Powerful Trade Loads is offering a powerful Buy Set-up with following confluences:
1. Pirce has broken out range and re-tested it.
2. Re-test of Breakout range with healthy price action (Pin-Bar)
3. Surge in Volume after a bounce-off price from breakout zone.
4. MACD & RSI have generated a Buy Signal.
5. Rejection of Price at lower boundary of BB.
Target Prices are 19, 21 & 25.
Bearish Divergence has started appearing
Bearish Divergence has started appearing
on Bigger Tf.
Channel Top is also there.
Stay Cautious.
Sudden Spike can be witnessed till 1450 - 1500
but that would be a Risky Trade to take.
So Better to wait till the Bearish Divergence
plays & bring the price down & settle (may be)
around 1000 - 1050
IF YOU MISSED BNL- DON'T SKIP TREET BREAKOUTTREET was in long-term downtrend till June 2021, it gave breakout in June and it's Pullback continued from July 21 to Dec 2022. I has been long term accumulation phases A,B,C & D of Wyckkoff Method from Dec 2022 to Dec 2024. It has given breakout from this consolidation and has given a beautiful Spring on Pullback of phase D. Huge up move after Breakout with above average volume and candle after Rs 22.2